StakeWise
Staking · Liquid Staking · osETH
StakeWise V3 lets users stake into solo or curated vaults and mint osETH, an overcollateralized liquid staking token, keeping rewards within the vault.
Permissionless, overcollateralized ETH staking.
osETH price
$1848.56
+2.6% 24h
Latest data · 15 min delay
Risks identified
- Smart Contract
osETH minting, Vault accounting, redemption and liquidation logic all run in permissionless smart contracts; a bug or exploit in the V3 core contracts could impair stakers or osETH holders despite multiple audits.
- Collateral
osETH is a collateralized position with an LTV cap (~90% mint, ~91.5% redeemable, ~92% liquidatable). If the Vault's ETH value falls relative to minted osETH, positions can be redeemed or liquidated with a 1% premium taken from the staker.
- Counterparty
Vaults are run by independent, permissionless node operators who control validator keys and infrastructure. Poor operator performance, downtime, or malicious behavior directly affects stakers in that Vault.
- Network
Validators are subject to Ethereum (and Gnosis Chain) consensus-layer risks including slashing and penalties; the overcollateralization buffer is designed to absorb these losses but is finite and could be exceeded in an extreme slashing event.
- Governance
The StakeWise DAO controls protocol parameters (LTV thresholds, approved Vaults, treasury) and the Treasury is a Gnosis Safe governed by a committee; concentrated SWISE holdings or committee action could change protocol economics.
- Oracle
osETH exchange-rate and position health depend on oracle-reported reward/exchange-rate data; faulty or manipulated oracle updates could misprice positions and trigger unwarranted redemptions or liquidations.